Texmo Pipes & Products Ltd allots 28,75,000 shares at Rs. 13.90

The Board of Directors of Texmo Pipes & Products Ltd at its Meeting held today on 28th October, 2020 at 02:00 P.M. which Concluded at 7.10 P.M. at the registered office of the Company have considered and approved the allotment of 28,75,000 (Twenty Eight Lakhs Seventy Five Thousand) Equity Shares of face value of Rs. 10/- (Rupees Ten only) each at a price of Rs.13.90/- (Rupees Thirteen and Ninety paisa only) per share including premium of Rs. 3.90/- (Rupees Three and Ninety paisa only ) per Equity Share, aggregating to Rs. 3,99,62,500/- (Rupees Three Crores Ninety Nine Lakhs Sixty Two Thousand Five Hundred only) to Shri Sanjay Kumar Agrawal and Smt. Rashmi Devi Agrawal, Promoters on preferential basis along with other agenda items.

Shares of TEXMO PIPES & PRODUCTS LTD. was last trading in BSE at Rs.17 as compared to the previous close of Rs. 17.07. The total number of shares traded during the day was 12821 in over 112 trades.

The stock hit an intraday high of Rs. 17.71 and intraday low of 16.32. The net turnover during the day was Rs. 220378.

Source : Equity Bulls

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